wall street
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Fed Chair Warsh signals rate hikes may be needed with inflation still elevated
JACKSON HOLE, Wyoming | Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he has previously sent about his economic outlook. In his first high-profile speech at the […]
Brent oil tops $100 per barrel, as Tesla and Alphabet drag Wall Street lower
NEW YORK | Oil prices are jumping again Thursday as increased fighting in the Middle East threatens to slow the global flow of crude. Wall Street, meanwhile, is sinking following sharp drops for two of its most influential stocks, Alphabet and Tesla. The S&P 500 dropped 1% and may be heading for its first back-to-back […]